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    3357 Ky-54 Owensboro, KY 42303

    Sponsored
    For Sale
    $3,859,000

    9.22 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.22-acre commercial property in Owensboro, KY, presents a rare investment opportunity. Located on Highway 54, a major thoroughfare with over 35,000 vehicles passing daily, this prime real estate boasts excellent visibility and extensive road frontage. The property includes existing infrastructure: a 1,632 sq ft office building, two 2,400 sq ft storage buildings, a 472 sq ft garage, and a 1,360 sq ft covered carport. This versatile site is ideal for various commercial applications, from retail centers to office complexes or mixed-use developments. Its strategic location is further enhanced by the recent opening of a nearby Chick-fil-A, indicating strong area growth. The property is vacant, zoned commercial (APN: 074-00-00-203-00-000), privately owned, and offered at $3,859,000. The three buildings are single-story structures, with four keys provided. This is a Class A property offering significant development potential in a high-traffic area. Don't miss this chance to capitalize on Owensboro's continued expansion. The property is situated in Daviess County, KY, zip code 42303.

    Property Features for 3357 Ky-54

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    401,667 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • High‑traffic location on Owensboro's busiest road.
    • Existing office space, storage facilities, and ample parking.
    • Versatile commercial development potential.
    • Excellent visibility and extensive road frontage.
    • Strong area growth, evidenced by a nearby Chick‑fil‑A.
    • Daily traffic count exceeding 35,000 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.058046746132
    Latitude
    37.753096844374

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    FAQs

    What type of property is this?
    Multifamily property - 9.22 Acres, High-Traffic Location
    Where is this multifamily property located?
    The property is located at 3357 Ky-54 Owensboro, KY.
    What is the asking price?
    The asking price for this property is $3,859,000.
    What are key features of this property?
    This property features: High-traffic location on Owensboro's busiest road.; Existing office space, storage facilities, and ample parking.; Versatile commercial development potential.
    Request Owner's contact information
    3357 Ky-54 Owensboro, KY 42303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3357 Ky-54 Owensboro, KY 42303
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